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Account Impacts by Date Use the interactive dashboard below to answer the questions that follow: On January 1st 2020 , Julep Drinkware paid $3,000 to
Account Impacts by Date Use the interactive dashboard below to answer the questions that follow: On January 1st 2020 , Julep Drinkware paid $3,000 to Louisville Luxury Rentals for rent. The $3,000 payment covers rent for Julep Drinkware's storefront for three months ending March 31st, 2020. Julep Drinkware makes adjusting entries at the close of each month. Using the dashboard below address the following concerning the payment and subsequent adjusting entries. Dashboard appears as follows: Journal entry worksheet 1 Record the rent expense for month of March. Note: Enter debits before credits. Journal entry worksheet Record the rent expense for month of February. Note: Enter debits before credits. B. What is the amount of rent expense recorded on 1/1/20 ? C. After the adjusting entry on each date below, what is the balance of the Prepaid Rent account
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